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fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the vix, soaring more than 4%. fiscal cliff concerns pushed the index to the high
that divides russian society. but make no mistake, it is a power play. it's a response to that u.s. act, as you mentioned, a law signed by obama a couple of weeks ago intended to penalize, sanction russian officials connected with this particular custody case and this tax evasion case in russia. >> so matthew, this law would go into effect january 1st. is there any chance that those cases that are pending where the paperwork is finalized and where people are expecting their children, essentially, in a month or two would be allowed to go through? >> well, there is a question mark hanging over those. there are 52 children, according to the kremlin, that are in the middle of this adoption process with u.s. parents. the law, as you say, starts on january the 1st, but it's only a couple of days until then. so unless that can be finalized, my expectation is that that will be put on hold and indeed that's what russian officials are saying, that they don't think this law has been enacted from january the 1st, these children should be allowed to go to the united states. instead there's been a call for r
is exported all around the world. they want the u.s. economy to be stronger as quickly as possible, because it means there will be able to continue to export. as much as they're trying to move from an export driven economy to a more domestic consumption based economy, they will still rely heavily on exports. the more americans are working, the more money they have in their pockets, the more they will be shopping in stores, and so much of what they buy is made from many other countries, including china. the healthier the u.s. economy is, the more that china will export. that means jobs for the chinese people. >> when you talk to leaders, how much are they actually were it about united states? -- worried about united states? >> i think united states is incredibly important to china, and recognize that. not only in very practical ways, but in another way, more psychological. there is a 150 year history were china has been trying to check itself up in big shin itself upr status. there is this lingering psychological mindset of china being victimized by the great powers. it is kind of a struggle
traders criminally charged here in the u.s. you look at the e-mails here and you understand. i need you to keep it as little as possible. if you do that, i will pay you. whatever you want. i am a man of my word. that may give you a reason to be angry. our question today is, does it give you a reason to avoid banking stocks as investment completely. charles payne is here, as he is every day. you had barclays and now you have ubs. more litigation heading over these guys. charles: bank of america is up like 100%. i am too afraid of these kind of thanks. i did not like the risk reward. i think there are a lot of on answered questions with what is brewing to meet the surface there. we have morgan stanley as a trade. i do like goldman sachs. i like the comparisons, more than anything else. listening, volume is down. also, we have regulations. at least we know what it is. lower margins because of price transparency. they admit they will lose revenue. all of that stuff is out there. connell: goldman had a settlement of its own on a different story. not love or talk up on on a financial crisis i
in the conversation to the detriment of us in the u.s. >> you have seen some of that already because of our crazy taxes and corporate profits. unfortunately other countries are committing the same sense. a handful of countries get it right. singapore, they will get that investment. in europe there are some countries getting it right like sweden, poland, bulgaria, the baltic states, but the major players are doing the same poison as things that we're trying to do here. lori: thanks you so much for coming in. in joined the conversation. adam: thank you. we are going to talk about something investors to follow financial stocks. then sweepstakes. coming to an end, details that people might have skin in this camera going to want to pay attention to. >> sources are telling the fox business network that they are finalizing the agreement. he's working in now with cantor fitzgerald. we should point out, this deal is not finalized. they have not signed the paper, but from what we understand they are in advanced talks to do a final deal. pretty interesting. in -- someone who cover the financial crisis. this
will push for stronger gun control laws. question for you is and should u.s. gun laws change? here are the numbers to call -- you can also find us online. send us a tweet or join the conversation on facebook, or send us an e-mail. our question for you is whether u.s. gun laws should change? here's the headline in "usa today" -- jumping down into the story, it says -- others are exploring the question of gun laws. we will hear some comments from members of congress this morning. congressional democrats are vowing to push for stricter gun control laws. several democratic lawmakers called yesterday for a new push for gun restrictions, including a ban on military-style assault weapons in the wake of the connecticut massacre. democratic senator dianne feinstein is the author of an assault weapons ban that lapsed in 2004. she said she would introduce new legislation soon. senator dick durbin said that lawmakers will hold hearings on gun-control and several others said they would devote attention to the issue. president obama says action is needed. "ere's the store in "usa today -- and th
minutes that legislators have been mentioned and people have mentioned various talk show host. u.s. a call at 202-585-3881 for republicans -- give us a call. 202-585-3880 for democrats. you can send us a tweet, twitter.com/cspanwj. facebook, as well, facebook.com/cspan. journal@c-span.org. this is lee in wyoming. host: give us a call and let us know who your political hero is. the story after the new ttown shooting. this is the front page of "the new york times." host: the story goes on. this is luke rosak. host: it goes on to talk about that story. front page of "the new york daily news." this stemming from upstate new york about a sniper that set fire to a building and goes on to shoot two firemen as they were trying to take care of the fire. eric from pittsburgh, pennsylvania on the democrat's line. good morning. caller: michael moore. host: i'm sorry? caller: michael moore. capitalism is dead. host: george, good morning. caller: good morning. george will. he is not an office holder and has no intention of running for public office. he gave a lecture in st. louis on december 4 and it wa
, you know, when we think senator demint we think of a tea party stronghold within the u.s. senate and helped and also hurt a number of republican candidates. who were they? >> reporter: that's right. great. let's start with the senators now. obviously, who he helped elect. this is the positive side of his millions and his work. marco rubio, pat toomey. very conservative, anti-tax, anti-government purists in the mold of jim demint. however, he also backed in republican primaries a number of republican candidates who simply were not electable according to the republican establishment and the establishment was right. for example, remember christine o'donnell, i'm not a witch, from delaware. ken buck of colorado. and others. so those are some of the reasons why he definitely has ruffled many a-feather with the party leaders and i have to tell you first thing i saw when the senate republican leader mitch mcconnell released a statement today was making the point that demint had, quote, uncompromising service. didn't have to read between the lines too much to see there's a backhanded com
the necessary paperwork. he talked to u.s. customs and verified with them that the gun did not violate any mexican law. the two allegedly handed the mexican officials the paperwork regarding the rifle, but instead of continuing on their way to costa rica to go surfing, hammer was immediately detavend, dragged away to -- detained, dragged away to a notorious jail in matamoros, mexico, where they jail narcoterrorists. this is a picture of the marine when he served america. this is a picture recently taken in the matamoros prison. as you can see he's in solitary confinement and like back in the old days chained to his bed because so he won't go anywhere all because of a mixup of what the law is and what should have happened to him at the border. so he's being held as a criminal because the size of the barrel of that rifle was apparently too long. even though u.s. customs told him he was not violating any mexican or american law in having the rifle. hammer had no criminal intent when he took that old rifle into mexico. john hammer should not have to spend another holiday away from his family.
hospitalized since early december. senator inouye who served in the u.s. house in 1959 before being elected to the senate in 1962 was serving his ninth term in office after winning their reelection in 2010 was 75% of the vote. a winner of the distinguished service cross for heroism, senator inouye lost his right arm in combat during world war ii. he later received a medal of honor along with another number of japanese american soldiers. from bill clinton in 2000. here is a conversation with the senator from 2008. >>> welcome to the latest interview in the united states capitol historical society's series of oral history interviews to the economy former member of congress from connecticut and i am the president of the united states capitol and historical society. this interview with senator daniel inouye is part of a special series featuring asian-pacific members of congress. in these interviews current and fellow members have relived their memories of people, places and events that have shaped their public career. it is our hope that these recollections will provide listeners with a deeper
batteries of patriot missiles and a force of 400 u.s. soldiers. leon panetta did not say how soon they will be deployed or how long they will stay in turkey. back to dagen and connell. connell: the state of oregon has gone to great lengths to please nike. the governor asking for authority to ensure that the corporate tax structure will not change for companies like nike nike threatening to move its headquarters out of state unless organ can guarantee it tax structure will not change. students are not the only ones with college debt. in effort to appeal, they end up footing the bill for all of this. according to moody's, debt among colleges was $205 billion outstanding. also reporting harvard has the most debt of any private school in the nation. you may be disappointed, guys, by the gift your significant other fires you for christmas. dirty 1% of women planning to spend less this year than last. only 19% of men pulled will spend less. it finds the looming fiscal cliff deal weighing on shoppers minds. here is our conversation, part of which i posted on twitter. men have to spend mo
and putting it to work. the u.s. economy is simply much stronger than we thought just a few quarters ago. second, these deals show that there are ceos who are willing to give up or share their empires in order to make money for their shareholders. oh, cramer, these people are so rich. i know they're not sacrificing financially. that's not the point. the target ceos will all do well but these guys are empire builders. finally, even as the sale of the stock indicates in a symbolic way, these deals show the companies are listed -- that are listed themselves are often worth far more than they're currently trading for. that's not an aberration. it happening marketwide. think about it. we have a financial brokerage company, right, stocks and oil service company, a tech concern and an insurer's business bringing out value virtually overnight. here's the bottom line. we can be riveted and saddened by what's going on in washington or angry, the refusal of all politicians to rise above their milieu or we can be constructive and search for the opportunities that are right there in front of us, in m
legislation he's sponsoring which will allow more highly skilled immigrants the u.s. that's live at 7:00 p.m. eastern on c-span. >> i think riders institute is something that's important within the culture. we are a culture of words of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page of writing but i think that there is no other art form so readily accessible other than perhaps film. but there is something in literature that cap chures the hunal spirit. >> this weekend join book tv as we look tpwhind scenes at the literary life of new york's capital city albany. >> senators from new york and new jersey say hurricane sandy caused $5 billion worth of damage to rail subway and port infrastructure in their state. they testified on surface transportation yesterday. >> i call this hearing to order. thank you for joining us, mr. secretary. i asked you to testify today because i'm deeply concerned about the recent report that the f.h.a. could potentially need taxpayer support for the first time in its 78-year histo
have marginal movement, the cac up 4.2%. the ftse 100 up above .23%. >> u.s. equity futures at this hour -- whoa. hold it. >> what are you looking at? u.s. equity futures. >> it's okay on. didn't we already do this? >> i don't care. i really don't. the new prompter is giving you fits. and yesterday, it ended with a -- did you see that one yesterday? a word ended with a n and the next one i introduced the like like t. boone pickens or something like that. >> we have a new teleprompter and it adds words. >> that's special. >> and people that, you know, that's where we get all of our info, right out of that baby there. anyway, futures are up 14 points. 13114 is where we are right now. i don't know. fiscal cliff is three days away and we're still above 13,000. that's what we're talking about. you would think if the growth was going to flow based on us going over the cliff, you would think oil would start to weaken. we haven't seen that much in that respect, either. as far as the ten year, stable at 98 of 6719. finally, gold -- i don't know. bernanke is on full 85 billion a month
u.s.-allied countries also called for swift international action to end the bloodshed in syria.in in central asia, a military plane crashed early this morning in kazakhstan, killing 27in people, including the country's head of border security.ll the russian-made aircraft went down near the southern city of shymkent. the dead also included seven crew members and 19 border guards. there was no immediate word on the cause of the crash, but kazakhstan has been plagued by heavy winds and snow in recent weeks. the long-time actor charles durning died monday at his home in new york. he came to be known as the "king of the character actors" in a 50-year career that spanned 5 broadway, the movies and television. along the way, he earned two oscar nominations. one was for his role as the corrupt governor in "the best little whorehouse in texas" in 1982. i and in "tootsie," he played the9 unwitting suitor of dustin hoffman, who was posing as a female soap opera star. charles durning was 89 years old. those are some of the day's major stories. a now, back to gwen. >> ifill: we turn to poli
to $1.31 is pretty significant, language for the dollar 30, see you hitting the intraday high, u.s. consumer prices dropping for the first time in six months in november following 0.3%. the decline was driven by 7% plunge in the government's gasoline price. dave: a lot to talk about and we will get those details. dan is in the pits of the cme. jason fried telling us why european equities might be the best place to be. and brian is going to tell you how to play these markets if we go over the fiscal cliff. let's start with dan. i want to start with apple. what to you hear from folks in chicago? where is the floor? >> you are close to the floor right now. everyone panicked when apple doesn't meet some guidelines or whatever and i heard about the sock chinese opening but in fact when they come out with their figures every time they beat them, apple probably a cautious by right now, it is getting hammered and if you look at the fundamentals of that stock is relatively cheap value. liz: especially considering the pe ratio under 9, 8.8 as i last saw it but apple represents 4% of espn is
a fire sale on america interest? china buying up u.s. companies on the cheap and we are paying interest on money we are borrowing from the communist company in the first place. a battery system is closed unless regalators stepped in. is it 123. >> it is a-123. >> gretchen: it went bankrupt. >> the judge holds an auction and a chinese company wins the auction and $256 million for a 123. china has the money. that's the bottom line. we have spent all of ours and china is buying up american assets like the battery company. the problem is, taxpayers have subicized a 123 and pumped in a grant and gave it to this outfit that is now bankrupt and china is picking up the pieces dirt cheap. the ball is in president obama's court. there is a committee that decides whether or not a foreign company can buy an american company. on what grounds do they wish to buy. is it in our national interest to sell to a chinese company. time geithner heads that committee and he will decide are we going to sell this dirt cheap to china or not. >> gretchen: oh, by the way, we kind of need china, they loan us a bunch
us today. jenna: "america live" starts right now. megyn: fox news alert, the world on edge and the u.s. and its allies potentially on the brink of entering another war in the middle east to prevent syria from doing the unthinkable. welcome to "america live," everyone, i'm megyn cel by. just days after he first reported on concerns syria was actually mixing chemical weapons that could kill thousands of people at a time, we get word that the regime has loaded the nerve agent into bombs that could be dropped, we don't know when. the president earlier this here, our president, called chemical weapons use a, quote, red line that would get an immediate response from the united states, and here's what the white house said about it moments ago. >> to the administration any more urgent than 48 hours ago? >> i think we've been clear all week about our concern -- well, probably longer than that, but since this has been a heighten, an issue that's getting heightened attention, we have made clear, i think, in very stark terms our concern about it. i wouldn't want to characterize our assessments bas
do. >> depositions rising in syria as the u.s. confirms its stance on political transition there. >> the united states stands with the syrian people in insirsing that any transition process result in a unified, democratic syria in which all citizens are represented. sunni any allawi, christians, kurds, druce, women, every syrian must be included in this process for a new and better future and a future of this kind cannot possibly include assad. >> is just who is president bashar assad and how big of a threat is he to the world? here to weigh in senior fellow defense studdies lt. colonel tony shaffer. set up for the audience who is bashar assad? >> bashar assad is the former president of the syria took over in 1971. and ruled frank whether i an iron fist assad took over in. there was hope that there would be reforms and much like other dictators who come in. it's double down and continue the same policies and trends as his former -- the person he replaced. we saw this in north korea and we are seeing it again. >> talk about the latest news. there are reports that assad has weapons
and by the u.s. and international maritime industry. we have done a good part of the job. i think we met our responsibility. i am pleased that we are here to authorize for a period of two years the united states coast guard. its operations and its programs, and support the men and women who support us. with that i urge the passage of h.r. 2838, and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from washington. mr. larsen: thank you, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. larsen: i rise in support of the resolution introduced by my colleague from new jersey and chairman of the subcommittee, mr. lobiondo. before i begin my remarks, i want to join mr. mica and of course many others in offering my condolences to the entire coast guard family for the tragic loss of one of their shape mates during a drug interdiction operation in the waters off of southern california this past weekend. we all recognize that the service men and women of the coast guard willingly and ro
of the gulf cooperation council's annual summit. the statement gave no details. the six u.s. allied countries, also called for swift international action to end the bloodshed in syria. in central asia, a military plane crashed early this morning in kazakhstan killing 27 people including the country's head of border security. the russian-made aircraft went down near a southern city. the dead also included seven crew members and 19 border guards. there was no immediate word on the cause of the crash but kazakhstan has been plagued by heavy winds and snow in recent weeks. the long-time actor charles durning died monday at his home in new york. he came to be known as the king of character actors. in a 50-year career that spanned broadway, the movies and television. along the way he earned two oscar nominations. one was for his role as the corrupt governor in the best little whorehouse in texas in 1992. in tootsies he played the suitor of dustin hoffman who was posing as a female soap opera star. now back to gwen. >> ifill: we turn to politics and part 2 of our lookality upcoming elections. last n
, the debate over the assault weapon ban and the testimony of one of the victims in the u.s. "the new york times"had this sense bowl and poignant photograph -- from our twitter page -- al joins us on the phone from new york. caller: good morning. with freedom comes great responsibility. owning a gun is a demonstration of freedom but also requires that you demonstrate responsibility for owning that weapon. i am a gun owner and i was a soldier at one time and i know what bullet can do to flesh and bone. as possibly an option, i think perhaps, like you drive a car, you have to have insurance to drive that car to protect yourself and others. perhaps we should have gun owners by a particular policy that protected from any accidents that happen. also, i think perhaps to get a gun, you need to have some kind of psychological profiling. the military does it and i was in, they call the day 201 file and to purchase the weapon, not just a background check, but have documentation that you have been counseled and you are fit to own a weapon. as far as the high-capacity magazines, no need for it. if you
would not go. 25 minutes past the hour. >> minding your business, u.s. stock futures up after positive data overnight on china's manufacturing sector. the s&p 500 up more than 12% since the start of the year. >> and there is a lot of key mi economic data this week. u.s. auto sales, manufacturing, construction, spending numbers today, plus a crucial update on the health of the labor market on friday through the big november jobs report. of course, investors will be watching fiscal cliff negotiations in washington all week long. >>> ford is issuing recalls for two of its newest and biggest-selling models. the 2013 escape crossover and the 2013 fusion sedan. ford is urging owners to contact their dealers as soon as possible because the eco boost engines can overheat and catch on fire. the recall effects nearly 90,000 vehicles. >>> autism, bing eating, mod disorders and hoarding are being changed in the bible of psychiatry. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are,
amount of people. the u.s. military considers the weather as a weapon. i will leave it at that. there is intense stuff, i went to antarctica and it looked like a nuclear bomb had gone off over most of the ice. huge chunks of ice falling off but you do not hear that in the news. i know we have to wrap up. >> thank you. [applause] >> the house is in recess, expected to vote on three pieces of legislation including the intelligence policy bill for next year. no votes are scheduled tonight on the so-called fiscal cliff trade without any action by both chambers of congress, billions of dollars of tax increases and spending cuts are scheduled to officially begin tomorrow. while we wait for the house to come back into session, more from the economist magazine forum. this is on technological innovations and how they might change medical care in the coming year. >> thank you. i have the pleasure of talking about health care in 2013. 2013 is to be a big year for health care. there is an enormous amount of exciting research in global health and personalized madison. at the same time, the
the great recession with flying colors. about 30% of the dealers in the u.s. went under during the recession. isn't that extraordinary? but brunz week's dealer remained flat. they held in much better than the competition. they used the economic weakness to take share. plus the company took out $450 million in fixed costs during the downturn to come out even stronger than ever. that's the brunswick we're dealing with today. second, if higher taxes going forward mean there's slightly less demand for motorboats and fishing boats, you know what? i think that could be more than offset by the additional demand created by all those boats that sandy damaged or destroyed. and even before sandy, things were getting better for brunswick. over the last decade, the age of the average powerboat in the water has gone from 15 years old to 21 years old. wow! i thought cars at 11 years was a lot. that means there's a ton of pent-up replacement demand. we saw the same thing happen in the automobile market where the average car on the road got so old that it has led to a new surge. that's what that $15 million
rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a trip to a daimler truck factory in redford, michigan. this is what he said. >> this so-called right to work law, they don't have to do with economics, everything to do with politics. what th
this year, when the state of florida sued the u.s. government for court determination of the preclearance under the voting rights act of 1965, preclearance of five counties, for discrimination, and further, sued the u.s. government by questioning the constitutionality of the 1965 voting rights act. in the discovery for that case, the testimony was taken of this former general counsel of the florida republican party. and what i would like you to know is this key individual who, with your permission, with the committee's permission i'd like to insert those documents in the record -- that his testimony, given in april, mr. mitchell said, and it's in the sworn testimony, that he was asked to draft the original version of the legislation that became the law. he was asked to drafted by republican party leaders, specifically after consultations with andy palmer, then the executive director of the florida gop, frank, head of the gop state house campaigns, and joel springer, head of the state senate, republican campaigns. and in early talks with executive director of the florida gop. and with this
12 years until president ronald reagan, a knitted him as an associate justice of the u.s. supreme court. he took his current seat in 1988. in nominating justice kennedy to the supreme court in 1987, president ronald reagan remarked that his career was a judge in the u.s. court of appeals for the ninth circuit as a constitutional law professor and in private practice was marked by the devotion to the simple straightforward principle but we are a government of law and not of men. during the more than three decades on the bench, justice kennedy has played an interpol role in the consideration and the decision of some of the most significant cases and serious constitutional alleges in the nation's history. he's been a staunch defender of the first amendment rights, individual liberty against government intrusion and federalism. these are qualities of the constitutional series and we are honored to have the justice. heritage to provide this evening's lecture. please join me in welcoming the honorable anthony kennedy. [applause] >> thank you. [applause] thank you very much. good afterno
, lack of a better term, triball rivalries or the u.s. cooperation creates resentment among another group. they want to develop their neighbors, but not lackees of the americans. there's insight into the impact hispanic candidate -- impact that history's had. they are used to conquerors coming and going so they create a relationship in how they hedge their bets. apart from the human tragedies, your heart breaks reading about someone who had a baby, spoke to his wife before he went on the mission, and then died in a helicopter crash. your heart breaks on the human realm reminding you of the cost. it reminds you the low gist tick -- logistical challenges. >> did it make you regret our approach in afghanistan? >> no. i think it reminds us of the challenges of it. at the end of theday, afghanistan is important and important for multiple reasons. we don't want a safe haven in afghanistan for people to come back and reconstitute the safe taifn. to have an unstable afghanistan where radical islamists are organized is a danger to pakistan and its nuclear capabilities. they are concerned about tha
from a week in brazil. the u.s. would have just grown faster than brazil in the most recent quarter, 2.4%. i raise this because you go down there and talk to business people about why it is. we could have made little more taxes here and a little more regulation there and cost of labor there and a fair amount of uncertainty about what we'll do in the future. they have taken the steam out of it. this is a fragile and requires government to facilitate rather than layer cost and uncertainty on top of it. with that uncertainty and a very aggressive regulatory agenda which has caused uncertainty around health care costs. you add that up and you have a period in which american business is operating under a huge weight. government rates the conditions where businesses and scientists can have the freedom to get the work done. that is an important thing to think about. government can create the conditions under which the cost is listed to allow businesses to innovate. >> if i could follow up. i thought this was amazing. u.s. firms spend 36% to comply with regulation than larger firms. the small
's incredible news about general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than a million people out of work, if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is now producing more oil than any other time in the last 17 yea
believe that we need to do some marketing in china. we need to see the u.s. as one of the great destinations of the world. >> i was recently at a competitor of yours. they had mark downs on warm weather clothes. >> cold weather clothing because of the heat, the warm weather is having issues. it is a small piece of our business. but hopefully it is going to get cold again. >> i have to tell you, i wish you the best of luck. it sounds like despite the plagues, things have been doing pretty well. this remains a very good call on if you believe the stock market is going to go higher. it's not all about the fiscal cliff. you heard it from the man. stay with saks, stay with cramer. >> coming up, are you ready to get charged up? cramer goes electric on a hyperactive lightning round. >>> it is time for the lightning round. play to this sound and then the lightning round is over. are you ready? i want to start with ed in pennsylvania. >> hello mr. cramer. booyah from pittsburgh. >> oh man, steeler nation what's up? >> my stock is cisco. >> cisco is the best house in a very tough neighbo
in italy. he became the first japanese american in congress and served 50 years in the u.s. senate. his death was announced by harry reid. >> the kindness that he has shown me for me time here in the senate has been something i will cherish always. a man who has lived and breathed the senate. he was that patriot. >> very kind words. president obama also a native of hawaii tweeted aloha yesterday. he died yesterday at 88 years old. >>> there is progress in talks on the fiscal cliff, but major sticking points still remain with just two weeks to go. a top republican says there is disagreement over spending cuts versus new taxes and until that could be worked out, there won't be any talks about the specific details. and wall street closed higher over signs of the talks. the dow jones rose 100 points for its biggest gain of the month. early markets overseas also higher because of capitol hill optimism. and a bounce back in china's economy. >>> a holiday miracle for drivers as plunging gas prices hit their lowest point of the year. aaa reports the price of gas fell more than nine cents a gall
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